• Uber’s Biggest Rival In China Claims It Handles 3 Million Rides Per Day

    Uber’s Biggest Rival In China Claims It Handles 3 Million Rides Per Day

    Uber surprised China watchers this month when it was revealed that the company is processing one million rides per day in the country. That impressive number, which leaked out via a letter to investors, is now dwarfed by arch rival Didi Kuaidi’s claim that it is seeing three times as much demand in the country. Read More

  • Redfin’s Irrational Moment Crunch Network

    Redfin’s Irrational Moment

    Redfin CEO Glenn Kelman recalls a tense board meeting when his company discussed eliminating its customer commission refund in the latest Greymatter video from Greylock Partners. Typically in real estate transactions, the seller of a home pays a commission of 5% which is split between the seller’s agent and the buyer’s agent. Traditional brokerages keep all of their commission. Read More

  • Where Are The Invisible Apps? Crunch Network

    Where Are The Invisible Apps?

    More than a year ago, Matthew Panzarino wrote an article on TechCrunch in which he described a new type of mobile app experience that he coined the Invisible App. He predicted that we would imminently see the rise of a huge number of apps that would live in the background, anticipating our needs based on sensor and contextual data, and do things for us before we even had to ask. What an… Read More

  • Uber Ruling Is A Harbinger Of The Need For Employment Law Change Crunch Network

    Uber Ruling Is A Harbinger Of The Need For Employment Law Change

    The recent ruling by a hearing officer with the California Labor Commission in a case involving an Uber driver is bad public policy. The issue this ruling addresses — whether the driver should be classified as an “employee” or “contractor” — is of crucial importance to Uber and all the on-demand companies that use a similar business model. Read More

  • Onefinestay, A High-End Airbnb Rival, Confirms $40M Raise From Intel Capital, Hyatt And More

    Onefinestay, A High-End Airbnb Rival, Confirms $40M Raise From Intel Capital, Hyatt And More

    As Airbnb closes in on a major round of financing that will reportedly value it at $24 billion, smaller startups riffing on the same model of renting out private homes are also heating up. Onefinestay, a five year-old business out of London that focuses on renting out private luxury homes, has raised $40 million — a Series D round of funding that the company plans to use to keep… Read More

  • Moving The Economy Beyond The Turing Test And Man Vs. Machine Crunch Network

    Moving The Economy Beyond The Turing Test And Man Vs. Machine

    We need economics that sees dollars as means and improving the connection between people as the meaning. Read More

  • SpaceX’s Failed CRS-7 Mission Had Something To Do With An “Overpressure Event”

    SpaceX’s Failed CRS-7 Mission Had Something To Do With An “Overpressure Event”

    It’s not entirely clear what happened during the launch of SpaceX‘s Commercial Resupply Services 7 (CRS-7) mission Sunday morning. A SpaceX cargo ship set out to deliver samples and supplies to the astronauts onboard the International Space Station for its seventh resupply mission this morning. Sadly, that rocket and all supplies exploded mid-air, shortly after blast-off at 10:22… Read More

  • 10 Things That Can Derail A Round Of Funding Crunch Network

    10 Things That Can Derail A Round Of Funding

    We read a lot about the seemingly 50-plus eight-figure venture rounds happening every day. All those great stories; this Razor-a-Day company raising at $600 million, that Valets-for-Pets company raising at $400 million. And we see a lot of advice on how to put together a good deck, do a good pitch, etc. What I’ve rarely seen is founder advice on why deals fall apart post-term sheet. Read More

  • Facebook’s Snapchatty New Photo Uploader Lets You Overlay Text And More

    Facebook’s Snapchatty New Photo Uploader Lets You Overlay Text And More

    Face it. Your photos aren’t all that interesting. But Facebook’s going to help you jazz them up with its shiny new photo uploader, which is now available for most users on iOS and is testing on Android. It lets you add overlaid text in any color, instantly preview filters that you swipe across your photos, or paste Facebook’s stickers on top. Facebook offered more… Read More

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